Nio

Smaller players are launching affordable models in a fight for survival amid an overcapacity struggle.

After another cash infusion, the onus is on the EV maker to prove it can turn a profit.

CEO William Li says the EV maker is emerging from a crisis deeper than in 2019, but now has the maturity to weather it.

The EV maker projects a recovery, but with a steep deficit and mounting competition, hitting its 50,000-unit monthly target is key.

Sportier aesthetics, reworked interiors, and AI-powered ride control define the updated midsize EVs, offered at the same starting price.

Regulators are shifting the focus from splashy claims to core safety features, rethinking what autonomy should mean.

Starting at RMB 119,800 (USD 16,800), Nio’s compact EV will launch in China before making its way to Europe and other markets.

Longtime executive Shen Fei will now lead Onvo as Nio moves to tighten control and revive lagging sales.